GP Global APAC Pte Ltd. Reduces Stake in GP Petroleums Ltd.
GP Global APAC Pte Ltd. disclosed the sale of 14,33,830 equity shares of GP Petroleums Limited on March 23, 2026. The transaction, announced on March 25, 2026, resulted in a reduction of the seller’s holdings in the target company.GP Global APAC Pte Ltd., a promoter group entity, previously held 39.65% of the company's shares, representing 2,02,16,127 shares. Following the sale, its holdings decreased to 36.84%, equating to 1,87,82,297 shares.
The disposal occurred off-market. The total equity share capital and voting capital of GP Petroleums Limited remained at 50,984,383.
Here's a summary of the changes in holdings:
Holdings Before Disposal:
| Detail | Number | % of Total Share/Voting Capital | % of Total Diluted Share/Voting Capital |
|---|---|---|---|
| Shares carrying voting rights | 2,02,16,127 | 39.65% | 39.65% |
| Shares in nature of encumbrance | Nil | Nil | Nil |
| Voting rights (YR) otherwise than by shares | Nil | Nil | Nil |
| Warrants/convertible securities | Nil | Nil | Nil |
| Total | 2,02,16,127 | 39.65% | 39.65% |
Details of Disposal:
| Detail | Number | % of Total Share/Voting Capital | % of Total Diluted Share/Voting Capital |
|---|---|---|---|
| Shares carrying voting rights | 14,33,830 | 2.81% | 2.81% |
| VRs acquired/sold otherwise than by shares | Nil | Nil | Nil |
| Warrants/convertible securities | Nil | Nil | Nil |
| Shares encumbered / invoked / released | Nil | Nil | Nil |
| Total | 14,33,830 | 2.81% | 2.81% |
Holdings After Disposal:
| Detail | Number | % of Total Share/Voting Capital | % of Total Diluted Share/Voting Capital |
|---|---|---|---|
| Shares carrying voting rights | 1,87,82,297 | 36.84% | 36.84% |
| Shares in nature of encumbrance | Nil | Nil | Nil |
| Voting rights (YR) otherwise than by shares | Nil | Nil | Nil |
| Warrants/convertible securities | Nil | Nil | Nil |
| Total | 1,87,82,297 | 36.84% | 36.84% |
The transaction was disclosed under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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